Qtron Investments LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,501 shares of the technology company's stock, valued at approximately $519,000.
Several other hedge funds also recently made changes to their positions in the company. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies in the fourth quarter worth $26,000. Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth $28,000. Versant Capital Management Inc increased its holdings in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company's stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Dell Technologies in the 4th quarter worth about $37,000. 76.37% of the stock is currently owned by institutional investors.
Dell Technologies Stock Up 0.4 %
DELL traded up $0.37 during midday trading on Tuesday, reaching $85.56. The company had a trading volume of 5,692,722 shares, compared to its average volume of 10,385,527. The business has a 50-day moving average of $97.77 and a two-hundred day moving average of $113.07. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The company has a market cap of $59.71 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.10 and a beta of 0.94.
Dell Technologies Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.45%. Dell Technologies's dividend payout ratio (DPR) is presently 33.76%.
Insiders Place Their Bets
In other news, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now owns 23,680 shares of the company's stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 46.70% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on DELL. The Goldman Sachs Group decreased their target price on shares of Dell Technologies from $165.00 to $145.00 and set a "buy" rating for the company in a report on Monday, March 3rd. TD Cowen lowered their price target on Dell Technologies from $128.00 to $120.00 and set a "hold" rating on the stock in a report on Friday, February 28th. UBS Group decreased their target price on Dell Technologies from $158.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating for the company in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $138.88.
Read Our Latest Research Report on Dell Technologies
Dell Technologies Company Profile
(
Free Report)
Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).
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